Global crude oil prices are rising. This may impact the profits of several companies. Sectors like refining, paints, and aviation could face challenges. Oil producers and electric vehicle companies might benefit. India imports most of its crude oil. Sustained high prices could cause inflation. The government’s policies will play a crucial role in determining the overall impact on the economy.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.